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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Edison Investment Research

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Kongsberg Automotive Holding ASA Receives Contract from European OEM

Tuesday, 5 Mar 2013 04:04am EST 

Kongsberg Automotive Holding ASA announced that it has received nomination from a European OEM for supply of the complete manual gear shifter system. The shifter system will be used in one of the Top 10 most sold vehicle platforms in the EU (European Union) region as well as in other B Segment cars. Those vehicles will be sold in Europe and later also in the emerging markets. The contract has a total value of EUR 150 million over seven years. Production supply will start in the first quarter of 2015 with a peak volume in 2016. 

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